Question

Amount=principal+.....................​

Answer 1

Amount = Principal + Interest

Step-by-step explanation:

• In Mathematics, the Amount obtained is calculated by adding the Principal with the accumulated Interest.

• For example, if Principal P has received an Interest I, then Amount A = P + I.

• Let us take problem to show its use: Bankimbabu invested Rs. 60000. What will be his amount after 10 years where rate of interest is 5% p.a.?

• Here, Principal = Rs. 60000, rate of interest = 5% p.a. and time of investment = 10 years.

• So, interest = Rs. $\dfrac{60000\times 10\times 5}{100}$ = Rs. 30000

• Thus amount = Rs. (60000 + 30000) = Rs. 90000